5817 Happy Hollow Rd - Medical FOR SALE


Milford, OH 45150
$6,533,490 USD
781-776-4003
5817 Happy Hollow Rd, Milford, OH for Sale
$6,533,490 USD
Medical - FOR SALE
1/9
null | 6.5% Cap Rate

5817 Happy Hollow Rd
Milford, OH 45150


HIGHLIGHTS

  • Long-Term Lease
  • New Construction
  • Attractive Rent Increases
  • Strong Operator
  • Strategic Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant, triple-net leased Optima Dermatology investment property located at 5817 Happy Hollow Road in Milford, Ohio (the “Property”). The Property was build-to-suit for Optima Dermatology in 2023 with a brand-new, 15-year lease that currently has over 13 years of term remaining followed by six (6), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. The Property is strategically located along Ohio Route 28, the primary retail and commercial throughfare in the area, and is just off of Interstate 275. Optima Dermatology benefits from excellent visibility and is exposed to high daily traffic counts. The location is across the street from the Delco Plaza Shopping Center, one of many large retail centers along OH Route 28 all of which create a major trade area with numerous national retailers and restaurants, in addition to local business and services. Milford is part of the Cincinnati MSA and is positioned 15 miles east of the city.

FOR SALE DETAILS

PRICE

$6,533,490 USD

PRICE/SF

$1,139 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.